Africa and its partners to focus on integration and build robust institutions and infrastructure for public-private partnerships to succeed

On the occasion of the 6^th African Public-Private Partnership Forum, that recently took place in in Abidjan, Côte d’Ivoire, the urgency to find solutions for funding needs in Africa has been highlighted.

Africa is the region with the second highest growth rate in the world and solving the funding problem
is crucial considering the annual deficit of $ 42 billion for the development of infrastructures.

According to Mr. Donald Kaberuka, President of the African Development Bank (INSME Member), the Public-Private Partnership can be of help to solve this deficit in Africa and at this purpose he states that “African countries must focus their efforts on factors that aim to improve the chances of PPPs succeeding”. In particular Africa needs:

• A suitable environment, with a legal and political framework for PPPs as key;
• Robust political engagement and a strong support from stakeholders;
• A solid portfolio of reliable projects;
• Institutional capacity to negotiate and manage contracts.

More information available here.

Source: INSME